The
first well drilled, Halifax-1, produced 243 million standard cubic feet
of gas over six months and is now on long term pressure build-up.

It
was followed by the Hervey-1, Keppel-1 and Geoffrey-1 wells that have
confirmed the continuation of the basin-centred gas play across the
tenement and shows that the Nappamerri Trough is a prospective shale and
tight gas province.

Early in 2013, Chevron Australia (NYSE: CVX) farmed into ATP 855 with Beach assigning up to 60% of its interest in ATP 855 and PEL 218 to Chevron over two stages.